UPDATE: Radian Group (RDN) Reports Late 10-Q Filing
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(Updated - November 13, 2012 2:16 PM EST)
Radian Group, Inc. (NYSE: RDN) was unable to file its Quarterly Report on Form 10-Q for the three months ended September 30, 2012 (the “Form 10-Q”) within the prescribed time period on or before November 9, 2012 without unreasonable burden or expense. As described in Note 17 of Notes to Condensed Consolidated Financial Statements in the Company's Form 10-Q, the Company experienced a material subsequent event involving its financial guaranty business on November 9, 2012. The occurrence of this subsequent event was not certain until approximately 3:00 p.m. (Eastern) on November 9, 2012. The Company determined at that time it was necessary to update its Form 10-Q disclosure to reflect the subsequent event. During this time the Company also experienced unforeseen technical problems involving its third-party, web-based SEC reporting system. The late occurring subsequent event combined with the unforeseen technical problems ultimately delayed the Company's filing of the Form 10-Q past the prescribed due date. The Company has completed the filing of its Form 10-Q, which was filed within the five calendar days following the prescribed filing due date.
Radian Group, Inc. (NYSE: RDN) was unable to file its Quarterly Report on Form 10-Q for the three months ended September 30, 2012 (the “Form 10-Q”) within the prescribed time period on or before November 9, 2012 without unreasonable burden or expense. As described in Note 17 of Notes to Condensed Consolidated Financial Statements in the Company's Form 10-Q, the Company experienced a material subsequent event involving its financial guaranty business on November 9, 2012. The occurrence of this subsequent event was not certain until approximately 3:00 p.m. (Eastern) on November 9, 2012. The Company determined at that time it was necessary to update its Form 10-Q disclosure to reflect the subsequent event. During this time the Company also experienced unforeseen technical problems involving its third-party, web-based SEC reporting system. The late occurring subsequent event combined with the unforeseen technical problems ultimately delayed the Company's filing of the Form 10-Q past the prescribed due date. The Company has completed the filing of its Form 10-Q, which was filed within the five calendar days following the prescribed filing due date.
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